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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #65,981
  • Feb 18, 2016 10:03pm Feb 18, 2016 10:03pm
Quoting emmanuel7788
{quote} Hi makron, Welcome to TMS. You have taken the big decision to start your trading journey. You won't be alone as there are many on this same journey. Keep your trading charts they way they are now and you will get up there. The view on the way up is fantastic. There are milestone to reach, and you may 'trip and fall', along the way up but you won't roll down because there will others who will stop you. I have been up, fallen many times and there was always someone to catch me, I am still climbing. {image} See you on the way.
I took this route
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the cautious seldom err....C
  • #65,982
  • Feb 18, 2016 10:08pm Feb 18, 2016 10:08pm
or did I take this but in any case both are equally difficult
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the cautious seldom err....C
  • #65,983
  • Feb 18, 2016 11:30pm Feb 18, 2016 11:30pm
Hello Emma

This is what I understand from your pdf. Am I right? I saw a WRB in 4H, then moved to 1H and opened a Sell position on the red line.
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  • #65,984
  • Feb 19, 2016 12:19am Feb 19, 2016 12:19am
Morning everyone I just want to share what is possible if you cut the crap with all the indicators, and just learn how the markets move and operate, I am not saying all indicators are bad, dont get me wrong but I do think people place to much decision making on them, here is what I did yesterday, just using price action and some advance patterns. 5 Trades 5 winners, one still open Total of 330.6 Pips
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  • #65,985
  • Feb 19, 2016 1:08am Feb 19, 2016 1:08am
Quoting emmanuel7788
{quote} Hi, Good one. If you have been on H4, you would be up +50pips. BTW, I don't trade this pair. Just quick look. trade well.
Hi Emmanuel,

Do you trade these pairs? I got it from your TMS monitor template. thanks
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #65,986
  • Feb 19, 2016 1:41am Feb 19, 2016 1:41am
Quoting v2vboni
{quote} Hi Emmanuel, Do you trade these pairs? I got it from your TMS monitor template. thanks {image}

Hi,

Yes, I monitor these 15 pairs actively and because I trade mostly the 4H and D1, trading higher timeframes mean fewer trade opportunities on weekly/monthly basis. Therefore when I monitor more pairs, this will make up for the number of trades I need to meet my objectives.
I also added the USDCAD pair last year but did not update that template.
I don't trade any of the CHF pairs.

Note how I arrange the currency pairs in groups - USD, EUR crosses with GBP crosses, then the JPy pairs. This will give a easier overview when any of the pairs move in same direction. I will not trade all that move in same direction but pick the one that matches my trade plan for the week/month.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,987
  • Feb 19, 2016 1:46am Feb 19, 2016 1:46am
Quoting mehdi343
Hello Emma This is what I understand from your pdf. Am I right? I saw a WRB in 4H, then moved to 1H and opened a Sell position on the red line. {image} {image}

Hi,

Not so simple.
I use the WRB to identify what are 'big candles' and determine the market condition first before I decide what and when to trade. 'Big candle' often result in market consolidation therefore we do not chase after big candles. But big candles also mean increase in market volatility which can run consecutively. The secret is in the WRB and where support and resistance are present.
What is more important is that all trades must fulfill TMS setup rules for entry.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,988
  • Feb 19, 2016 1:47am Feb 19, 2016 1:47am
Quoting JunFlores
{quote} In reply, I would like to quote eelfranz's first post ... {quote}
.. he won't bother us again.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,989
  • Feb 19, 2016 2:01am Feb 19, 2016 2:01am
Trades update:
EURCAD: closed 1/2 at TL, SL tight. Waiting for breakout or pullback
USDCAD: SL to BE
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  • #65,990
  • Feb 19, 2016 2:14am Feb 19, 2016 2:14am
EURAUD trade from yesterday for 50 pips...

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  • #65,991
  • Feb 19, 2016 2:14am Feb 19, 2016 2:14am
Quoting makron
Trades update: EURCAD: closed 1/2 at TL, SL tight. Waiting for breakout or pullback USDCAD: SL to BE {image}

.. big Canadian news/data release today. better be safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,992
  • Feb 19, 2016 2:18am Feb 19, 2016 2:18am
Quoting adamjhdavis
EURAUD trade from yesterday for 50 pips... {image}

very nice one .. when both TMS 5-Method and Synergy are in full agreement. Super good
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,993
  • Feb 19, 2016 2:48am Feb 19, 2016 2:48am
Hello Emm,
what you prefer recommend to traders, who trades Daily and H4?

EMA10 or EMA5 High-Low channel?


dan
  • #65,994
  • Feb 19, 2016 2:58am Feb 19, 2016 2:58am
Quoting emmanuel7788
Read Big E' Post#647 and interpret what he said in that post on your trading charts. "Am I in or close to a consolidation area" {image} and look at the TDI Green line when it goes outside the blue band VB, and re-enters the VB and that H1 WRB appears... danger lurks (hidden) in that WRB.
Great piece of advice Emm, the WRB plus the break of V bands may mark consolidation. I struggle with what are the most important Support and resistance levels / areas to watch out for. ​
  • #65,995
  • Feb 19, 2016 3:02am Feb 19, 2016 3:02am
Quoting Trader MT4
Hello Emm, what you prefer recommend to traders, who trades Daily and H4? EMA10 or EMA5 High-Low channel? dan

you want to put your 'fate' in my hands...?

I use 10EMA for my Big Picture Planning on all TFs. But not on my trading chart.

On trading chart,

For those who want to trade like Big E, use his 5EMA typical price, Shift+3. Plus use the TDI Red Green.

For those who want to be conservative, use the PAC which come in the Synergy_Pro APB. Plus the TDI with Synergy Pro TDI setting.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,996
  • Edited 6:30am Feb 19, 2016 4:02am | Edited 6:30am
NU: TDI, Div, BEOB, good PA, price kick low of last 3 candles. Seems to breakout

EDIT:
Closed with 5pips loss. Price is too slow + TDI line change direction + opposite signal H1
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  • #65,997
  • Feb 19, 2016 4:56am Feb 19, 2016 4:56am
Quoting makron
NU: TDI, Div, BEOB, good PA, price kick low of last 3 candles. Seems to breakout {image}
Hi,

I took a setup yesterday. In hindsight, I'm not entirely happy with this trade. I considered the Swing high to be confirmed when my setup candle closed but it never followed through. Perhaps it would have been better to enter with ME during the retracement.

Also, I should have considered closing the trade when it did not go in my direction. But I still see some potential for it. Like you said, this BEUB with IB. So far, not breaking but I expect some more USD movement in NY session.

Also: MSL (Red) still pointing up...

Best,
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  • #65,998
  • Feb 19, 2016 5:50am Feb 19, 2016 5:50am
This week the market gave me a small beating. Loss 19 trades and suffered a 1.21% drawdown.
Will be scaling down my trading next week and need to close all trades before Friday so that my broker can migrate my account to another server.

Week 02 to 07 ( Jan 11 to Feb 19)
Winning trades : 281
Losing trades : 51
Total Win pips : 32,790 pips
Average Win Pips : 116 pips
Average Win Amount: $404.60
Average Lot Size : 0.83 std.
Average duration of trade : 4Days 18Hours

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last week's results:
http://www.forexfactory.com/showthre...81#post8750381

Have a Good Weekend everyone!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,999
  • Feb 19, 2016 6:01am Feb 19, 2016 6:01am
Quoting tibovwh
{quote} Hi, I took a setup yesterday. In hindsight, I'm not entirely happy with this trade. I considered the Swing high to be confirmed when my setup candle closed but it never followed through. Perhaps it would have been better to enter with ME during the retracement. Also, I should have considered closing the trade when it did not go in my direction. But I still see some potential for it. Like you said, this BEUB with IB. So far, not breaking but I expect some more USD movement in NY session. Also: MSL (Red) still pointing up... Best, {image}
I was looking to sell this week but no opportunity. Maybe next week.
That chart pattern Double Tops on D1 still there to consider.

http://www.forexfactory.com/showthre...17#post8754317
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,000
  • Feb 19, 2016 6:10am Feb 19, 2016 6:10am
Quoting Scrambleguy
{quote} Great piece of advice Emm, the WRB plus the break of V bands may mark consolidation. I struggle with what are the most important Support and resistance levels / areas to watch out for. ​

When Big E took the original TDI from the Synergy trading model and stripped away the MBL and the VB, he also unknowing took away one of the key feature of the original TDI. Is that a good thing or not? you decide.

acronymns:
MBL=Market Base Line, the yellow line on the TDI
VB = Volatility Band, the blue colour bollinger band on the TDI
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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